The package delivery easily beat Wall Street estimates on higher revenue and margins. And investors will be paying close attention to the details since UPS’s global footprint can offer insights into the health of the world econ…
Americans will raise their holiday spending by 1% this year, offering “glimmers of hope” for retailers, according to a trade group.
A survey by the National Retail Federation showed that U.S. consumers plan to spend an average of $688.87 on holiday-related shopping, Bloomberg News reported. Of the total, $518.08 will be spent on gifts.
“Consumers will still shop with the economy in…
Continue reading Americans to Spend More Over Holiday Season
Americans to Spend More Over Holiday Season originally appeared on DailyFinance on Tue, 19 Oct 2010 06:53:00.
Filed Under: Company News, Economy, Retail
Volatility started picking up in the last few sessions, and now that a downbeat Federal Reserve Chairman Ben Bernanke has made another round of stimulus all but certain, traders are taking notice that things aren’t nearly as go…
Investors received another sign Friday that the U.S. economy is continuing to heal: The 2010 U.S. budget deficit came in at a smaller-than-predicted $1.29 trillion. Though it was still the second-highest deficit on record, the …
Initial jobless claims fell 16,000 to 453,000 in the week ending Sept. 25, a sharper fall than expected. The revised figure for the previous week was 469,000.
Analysts surveyed by Reuters forecast claims of 460,000.
Companies that laid off workers …